Watch Summers Responds to Krugman on Recession Risk

December 30th, 2023, 12:23 AM GMT+0000

Lawrence H. Summers, Former US Treasury Secretary responds to Nobel Laureate Paul Krugman's assessment of recession as the risk facing the US economy. While Summers notes that inflation ended the year closer to the predictions of "team transitory," he warns that the economy is less responsive to the Fed's rate cuts. (Source: Bloomberg)

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